8 WAYS YOU CAN SAVE MONEY
Make a budget
Where does all of your money go? Estimate your monthly income and expenses. Also, keep updating your budget as your expenses keep changing. You can also keep a journal handy to enlist your expenses. It is necessary to know where and how you are spending your money. This way you will also develop better spending habits.
Do you really need it?
Make investment decisions based on your needs. So many times when people regret their impulse buying decisions. Don’t buy unnecessary school supplies. Take your time to think. Just because something is on sale doesn’t mean you have to buy it.
Avail student discounts
Many brands and shops offer discounts to students if presented with an official ID. Make use of such discounts and ask for discounts whenever you’re shopping, especially if it is something expensive like a laptop or a phone. An additional 10-15 percent discount will be beneficial to you only. Remember a penny saved is a penny earned.
Look out for part time jobs
A part-time job is a great way to earn extra money, especially if you are able to deal with your studies properly. Many companies are also paying their interns. It is the most effective way to gain experience and earn in the process.
Reuse
Students end up paying a lot just for books. Try to check for second-hand books online or borrow it from someone. Nowadays e-books are also available free online.
Eat food at home
Limit the number of times you eat or order food from outside. With the pressure of submissions, it is easier to order food, however without realising, students end up paying a major chunk of money food. Especially now, with the added pressure of taxes.
Use alternative ways of transportation
Students end up spending a lot of money on travelling too. Cabs even though are faster, may end up being heavy on the pocket due to surge pricing. Try using alternative ways of transportation like public vehicles, sharing cabs, using a cycle or walking for short distances. You can also reduce the pollution and save your environment this way.
Keep your savings in the bank
Open a savings account to save up some amount every month. Try to choose a bank that provides a good sum of interest on savings. You can also look for a fixed deposit. This way you can have an extra stash of money for your future, without having the temptation of spending it.
Meaning of the highlighted words (New Vocabulary)
| Budget |
an estimate of income and expenditure for a set period of time.
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| Discounts |
a deduction from the usual cost of something.
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| Part-Time Job |
work for only part of the usual working day or week.
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| Environment |
the surroundings or conditions in which a person lives.
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| Fixed-Deposit |
a sum of money paid into a bank.
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Activity 1 ( Online Quiz)
Instructions
Click on the link below or search it in your browser.
Then type in the room's name as provided below.
Room name :
DZULKARNAIN9414
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Activity 2 ( Descriptive Writing)
Instructions
Imagine that you need to collect and save money. You are to find and choose any one of your belongings (an object) and write a description of the object and promote the item for sale. You are to bring the task on the next class and present it to the others. The description must not be less than 120 words.
Example of things that can be chosen :
Example of things that can be chosen :
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Extras tips on earning money
